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Which Mutual Funds are Regulated Investment Companies?


I am interested in investing in Mutual Funds that are categorized as Regulated Investment Companies or RICs and thus are free from double taxation.

Is there a listing of existing RICs that I can look up to do some further research?

Essentially every mutual fund qualifies as a RIC. They wouldn't survive if they were subject to double taxation.

It's soooo unlikely that any major mutual fund wouldn't qualify that I don't know where you could look. I'd concentrate on finding a fund that is appropriate for you then, if you're still worried about the double taxation issue, call the fund company just to check.

Instead of looking at actively managed mutual funds why don't you concentrate on ETFs? They qualify as RICs and you're able to determine the timing of the vast majority of gain/loss recognition.

If tou want to look up RICs, you can try morningstar.

The better site would be the www.sec.gov and look on EDGAR, that will allow you to see a companies filings.

All mutual funds that are offered by your retail brokerage are registered with the SEC. The ones that do not are exempt from registration under both the '40 Act and '33 Act.

For the '33 Act exemption, it must qualify under Reg D.

For '40 Act exemption, it can only sell to qualified investors.

Generally, all mutual fund prospectuses wil inform you of their tax status and nearly all arefree of double taxation; and muni bonds funds may be free of nearly all taxation.

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